From announcement dated 26/9/17people (Equatorial region)
- Set to provide affordable communication solutions - affordable data, voice and instant messaging services to over 3 billion
highly disruptive to the existing conventional satellite platforms
- Targets the global satellite/telcoms market through the use of very sophisticated and lower cost nano-satellite technology –
Communication services
tested successfully so far
include:
• Text messages
• Images
• Voice recordings
• Data store and forward
• Voice calls
• Inter satellite links
• Remote Wi-Fi access to SAS
hardware
It was made pretty clear that they were in the business to chase telecommunications contracts. Have a look at their competitors now - most contracts signed relate to asset/vehicle tracing etc etc...not text messages and phone calls. They had their target market wrong from the start. Hindsight is a wonderful thing but you have to wonder how much planning they put in to their target customers.
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- Ann: Entitlement Issue Prospectus
Ann: Entitlement Issue Prospectus, page-147
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